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Publisher Royalty Sharing Contract

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Publisher Royalty Sharing Contract Powered By Docstoc
					This is an agreement between a publisher and a third party to share the royalties
associated with a musical composition. The publisher agrees to pay the third party (the
“Assignee”) fifty-percent (50%) of gross publishing receipts received after deducting the
expenses actually incurred by the publisher. Gross publishing receipts are defined as
the monies actually received by the publisher, after all expenses are accounted for.
This agreement should be used by publishing companies that want to share the
royalties of a musical composition with a third party.
       PUBLISHER - ROYALTY SHARING CONTRACT

THIS AGREEMENT is made and entered into on this _________________ day of
________________________, 20______, by and between ______________________of
_____________________________________ (hereinafter referred to as the "Publisher") and
___________________________________ (hereinafter referred to as "Assignee").


For good and valuable consideration, receipt and sufficiency of which is hereby acknowledged,
and in consideration of the promises and covenants hereinafter contained, is the Publisher and
Assignee hereby agree as follows:


1.     The Publisher and Assignee are entering into this Agreement concerning the following
musical composition:

Entitled _________________________________________

Written by _______________________________________


2.     Publisher shall pay to Assignee 50% of Gross publishing receipts received after
deducting the expenses actually incurred by the Publisher including, but not limited to,
songwriter's royalties and advances, Copy Right office registration fees, demonstration tapes,
lead sheets, accounting, arrangements, and all other miscellaneous, fees and expenses incurred
on behalf of said composition.

Gross publishing receipt is defined as the monies actually received by the Publisher arising from
the publishing and exploitation of the Composition.


3.      Extraordinary expenses (for example, advertising publicity, promotional expenses) shall
not be incurred by either party. As such, any extraordinary expenses incurred by one party shall
be compensated or reimbursed only upon written consent of the other party In the event if
extraordinary expenses were agreed upon, but not equally divided, publisher shall make the
required adjustments at the time of paying assignee.


4.     The copyright for the musical composition shall be registered in the name of the
Publisher.


5.     Sheet music and all printed material concerning the composition shall bear the name(s) of
the copyright registrant(s).


© Copyright 2010 Docstoc Inc.                                                           2
6.     Record labels shall bear the names of all writers and Publisher.


7.      Performing rights society’s song clearance and record clearance cards and forms shall
bear the name(s) of the copyright registrant(s). The performing rights society shall pay one-half
to each party.


8.     Only the Publisher shall be entitled to issue licenses and sub-publication rights.


9.     Publisher shall make regular royalty statements and payments to the composer(s).


10.     Publisher shall render statements and make payments to Assignee semi-annually within
sixty (60) days after the last day of each January through June and July through December semi-
annual period.


11.    Publisher shall be free to make licensing and sub-publication agreements without
consulting Assignee and upon whatever terms it deems wise.


12. This Agreement shall be governed by the laws and in the courts of the State of
_____________. Any dispute or legal proceeding regarding the Agreement shall take place in the
county of _____________, in the State of _________________.


IN WITNESS WHEREOF, the parties have executed this Agreement as on the day and year first
written above.



______________________________
            Publisher



______________________________
            Assignee




© Copyright 2010 Docstoc Inc.                                                               3
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DOCUMENT INFO
Description: This is an agreement between a publisher and a third party to share the royalties associated with a musical composition. The publisher agrees to pay the third party (the “Assignee”) fifty-percent (50%) of gross publishing receipts received after deducting the expenses actually incurred by the publisher. Gross publishing receipts are defined as the monies actually received by the publisher, after all expenses are accounted for. This agreement should be used by publishing companies that want to share the royalties of a musical composition with a third party.
This document is also part of a package Intellectual Property Agreements 59 Documents Included